After looking at Ping An Insurance (Group) Company of China Ltd’s (SEHK:2318) latest earnings announcement (30 September 2017), I found it useful to revisit the company’s performance in the pastRead More...

Anbang Insurance Group Co Ltd said on Monday it fully supported the Chinese insurance regulator's decision to temporarily take control of the company, and remains committed to the development of its overseas subsidiaries. "We fully support CIRC’s decision," a company spokesman said, referring to the China Insurance Regulatory Commission (CIRC), which announced the one-year takeover. "We will continue to be committed to our overseas subsidiaries' business and investment, and will provide necessary support to their healthy development," the Anbang spokesman said.

The venture capital arm of China's largest insurer, Ping An, is targeting raising up to $1.3 billion in two healthcare-focused funds that will seek growth-stage and pre-IPO investments, said a person with direct knowledge of the matter. Ping An Ventures, set up in 2012, focused on early-stage investments in its first few years. The new funds will deepen the group's push into the healthcare sector and build up its firepower for later-stage investments, at a time when valuations in the fast-growing tech and healthcare industries have spiked.

New York-area startups and venture capitalists are making funding deals with the hopes of creating the next profitable company. Who gets : Medical device maker Tyto Care raised a new round of funding . Who invests : Ping An Insurance Group Company of China’s Global Voyager Fund led the effort.

China's Ping An Insurance Group has raised nearly $1 billion for a medical data collection and analysis business ahead of a Hong Kong IPO, two people familiar with the matter said, in what would be the second healthcare unit it plans to bring to market. The funding round values the unit, Ping An Healthcare Management, at $8.8 billion and has attracted SoftBank Group's $93 billion Vision Fund, the world's largest private equity fund, and Japanese financial firm SBI Holdings Inc as lead investors, the people said. SoftBank's Vision Fund and SBI have invested about $400 million and $450 million respectively, one of the people said.

Jan 18 (Reuters) - Ping An Insurance Group Co of China Ltd : * SAYS IT PLANS FUNDING FOR PARTIAL TECHNOLOGY-RELATED BUSINESS TO MAXIMISE SHAREHOLDER VALUES, IN RESPONSE TO REPORT ON IPO PLAN FOR ITS HEALTHCARE ...

Kweichow Moutai, the Chinese drinkmaker made famous when Richard Nixon drank its fiery sorghum liquor on his historic state visit to Beijing in 1972, has been the toast of the mainland's blue chip stock rally, surging 93 percent this year. More broadly, the blue-chip index is up about 22 percent this year, though it's been a bumpy ride higher.

Ping An Insurance (Group) Company of China has built up a 5 percent stake in HSBC, it said in a regulatory filing on Wednesday, making it a 'significant investor' in Europe's biggest bank. HSBC in 2012 sold its $9.38 billion (£7.1 billion) stake in Ping An to a conglomerate controlled by Thailand's then-richest man Dhanin Chearavanont. Ping An said it build up its 5 percent stake in HSBC by buying its Hong Kong-listed shares via the Stock Connect program which allows mainland Chinese companies to buy Hong Kong shares, and vice versa.

Chinese online wealth management firm Lufax has hired five banks to work on an up to $5 billion (£3.8 billion) Hong Kong initial public offering, IFR reported, citing people familiar with the situation. Lufax, backed by Ping An Insurance, has mandated Citic Securities, Citigroup, JP Morgan, Morgan Stanley and Goldman Sachs as joint sponsors for the float, according to IFR, a Thomson Reuters publication.

Chinese online healthcare services firm WeDoctor Group, backed by Tencent Holdings Ltd , is looking to raise about $500 million in private funding ahead of its market debut next year, IFR reported, citing people familiar with the matter. WeDoctor is targeting a valuation of about $4 billion in the latest round of fundraising, which is expected to be completed before the Chinese New Year in February, the Thomson Reuters publication reported on Wednesday, citing one of the people. A WeDoctor spokeswoman confirmed the planned fundraising round, but declined to give details.